**Policy Summary: RBI/2023-24/68 - Reporting of Reverse Repo Transactions in Form A Return**
This Reserve Bank of India (RBI) circular, dated October 16, 2023, clarifies the reporting requirements for reverse repo transactions by commercial banks in Form A Return, as detailed in the Master Direction – Reserve Bank of India (Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)) Directions, 2021 (updated as of September 25, 2023).
To ensure uniformity in reporting, the circular specifies the following:
* **Reverse Repo Transactions with Banks:**
* For original tenors up to and including 14 days: Report under Item IIIb of Form A (Money at call and short notice) and Memo item 2.1 of Annex A to Form A (Inter-Bank Assets).
* For original tenors exceeding 14 days: Report under Item IIIc of Form A (Advances to banks) and Memo items 2.1 and 2.2 of Annex A to Form A (Inter-Bank Assets).
* **Reverse Repo Transactions with Non-Banks/Other Institutions:**
* For all tenors: Report under Item VIa of Form A (Loans, cash credits, and overdrafts under Bank Credit in India, excluding interbank advances).
The circular is issued by Brij Raj, Chief General Manager, Department of Regulation, Central Office, Reserve Bank of India. The Central Office is located on the 12th-13th Floor, Central Office Building, Shaheed Bhagat Singh Marg, Mumbai – 400001. Contact information includes telephone number 22601000 and fax numbers 022-2270 5670, 2260 5671, 2270 5691, and 2260 5692.
The RBI also cautions the public against responding to fraudulent communications seeking personal information. The RBI does not request personal information such as bank account details or passwords, and it does not hold or offer funds to individuals.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system.
Reverse Repo transactions: Transactions where banks borrow money from the RBI by selling government securities with an agreement to repurchase them at a future date.
Form A Return: A regulatory reporting form used by Commercial Banks to report financial data to the Reserve Bank of India.
Master Direction Reserve Bank of India Cash Reserve Ratio CRR and Statutory Liquidity Ratio SLR Directions 2021: A set of guidelines issued by the Reserve Bank of India concerning CRR and SLR requirements for banks.
Commercial Banks: Banks that are licensed to receive deposits and make loans to businesses and individuals.
Bank Credit in India: Total amount of credit extended by banks in India.
Mumbai, Maharashtra: City in India where the Central Office of the Department of Regulation, Reserve Bank of India is located.
Department of Regulation: A department within the Reserve Bank of India.
भारतीय �र ज़व� ब�क
RESERVE BANK OF INDIA
RBI/2023-24/68
DoR.RET.REC.43/12.01.001/2023-24 October 16, 2023
The Chairperson / CEOs of all Commercial Banks
Madam / Dear Sir,
Reverse Repo transactions - Reporting in Form ‘A’ Return
Please refer to Form A Return in the Master Direction - Reserve Bank of India [Cash Reserve Ratio
(CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021 (updated as on September 25, 2023)
regarding the reporting of Reverse Repo transactions by Commercial Banks.
2. In order to bring uniformity in reporting of Reverse Repo transactions in the Form A Return by
various banks, it is clarified that the banks should adhere to the following practice for presentation of
Reverse Repo transactions in the above return:
A. Reverse Repo transactions with the banks should be reported as under:
i. For original tenors up to and inclusive of 14 days
a) Item III(b) of Form A (i.e. Money at call and short notice) and;
b) Memo item 2.1 of Annex A to Form A (i.e. under Inter Bank Assets)
ii. For original tenors more than 14 days
a) Item III(c) of Form A (i.e. Advances to banks) and;
b) Memo item 2.1 and 2.2 of Annex A to Form A (i.e. under Inter Bank Assets)
B. Reverse Repo transactions with non-banks (other institutions) for all tenors should be reported
under Item VI(a) of Form A [i.e. Loans, cash credits and overdrafts under Bank Credit in India
(excluding inter-bank advances)].
Yours faithfully,
(Brij Raj)
Chief General Manager
िविनयमन िवभाग, क�द्रीय काया�लय, 12वी ंऔर 13वी ंमंिज़ल, क�द्रीय काया�लय भवन, शहीद भगत िसंह माग�, मुंबई 400001
टेलीफोन /Tel No: 22601000 फै�/ Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
Department of Regulation, Central Office, 12th & 13th Floor, Central Office Building, Shaheed Bhagat Singh Marg, Mumbai – 400001
Tel No: 22601000 Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
ब�क िहंदी म� पत्राचार का �ागत करता है
Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or
offers funds to anyone. Please do not respond in any manner to such offers.